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National Accounts (Industry Production and Investment): Year ended March 2016
Embargoed until 10:45am  –  24 November 2017
Key facts

This year's release delivers an extra year of data, resulting in more timely industry production and investment data up to 2016.

In the year ended March 2016:

  • The total size of the New Zealand economy was $255 billion, in nominal terms.
  • Total investment in the New Zealand economy was $59 billion.
  • Service industries increased their contribution to total GDP to 66 percent (up from 52 percent in 1972). Over the same period, goods-producing industries decreased their contribution to 20 percent (down from 35 percent); primary industries contributed 5 percent in 2016 (down from 12 percent).
  • Service industries increased their share of total investment to 76 percent (up from 63 percent in 1972). Over the same period, goods-producing industries decreased their share to 16 percent (down from 28 percent), and primary industries to 7 percent (down from 9 percent). 

This release includes a detailed, reconciled set of data on industry production and investment in New Zealand since 1972. We use this data to maintain the quality of quarterly GDP statistics.

Liz MacPherson, Government Statistician 
ISSN 2537-8023
24 November 2017

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